Previous Hold Today DKS ranks #2653 as HOLD CANDIDATE. Next Hold
Today DKS ranks #2653 as HOLD CANDIDATE.

DKS stock Dick's Sporting Goods Inc

DKS stock
Dick's Sporting Goods Inc

23 January 2019
Change -0.53%
Chart period: 2018-10-24 - 2019-01-23
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
Request Prediction
Predict

Dick's Sporting Goods Inc Stock Analysis

Technical stock analysis for 23 January 2019

Hold candidate since 2019-01-22 Loss -0.53%
Shorts 6.41% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 0.47
ROA 7.11

Dick's Sporting Goods Inc fell by -0.53% in the last day from $33.89 to $33.71 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume has increased in the last day by 0.40 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.70 million shares bought and sold for approximately $57.16 million.

Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the DKS stock was $33.71. This is 0.53% less than the trading day before Tuesday, 22nd Jan 2019.

During day the stock fluctuated 2.85% from a day low at $33.35 to a day high of $34.30.

30 day high of the DKS stock price was $34.57 and low was $29.69.
90 day high was $39.75 and low was $29.69.
52 week high for the Dick's Sporting Goods Inc - $39.75 and low - $28.86.

Trend

Dick's Sporting Goods Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.89% during the next 3 months and, with 90% probability hold a price between $25.31 and $31.54 at the end of this period.

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Signals

Dick's Sporting Goods Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $33.64 and $33.57. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double top formation was found on Friday January 18, 2019 and based on theory for this formation the price should fall by -1.56% to $32.59 within 7 trading days since signal was issued (Wednesday January 30, 2019).

Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Dick's Sporting Goods Inc finds support from accumulated volume at $32.85.

Support: $32.85 Price: $33.71 Resistance: $36.33

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.95 between high and low, or 2.85%. For the last week, the stock has had a daily average volatility of 2.95%.

Our recommended stoploss: $32.45 (-3.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Dick's Sporting Goods Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Previous Hold Today DKS ranks #2653 as HOLD CANDIDATE. Next Hold
Today DKS ranks #2653 as HOLD CANDIDATE.